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3.Accumulated other comprehensive income is: * (2 Points) An account that only accumulates gains An account that might increase or decrease comprehensive income An account

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3."Accumulated other comprehensive income" is: * (2 Points) An account that only accumulates gains An account that might increase or decrease comprehensive income An account that might accumulates losses or gains An account that might increase or decrease net income An account that only accumulates losses 4. When preparing the Statement of Financial Position, companies show any "Share Premium" as: (2 Points) A reduction of equity The par value of shares issued A portion of the equity of subsidiaries not owned by the reporting Company The excess of amounts paid-in over the par value The amount of shares repurchased by the issuing company

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